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L Introduction <br />Local and Regional Context <br />Between 2010-2020, Louisville's population increased by about 15%, or 2,700 residents. However, <br />the population peaked in 2018 at just over 21,000 residents and has largely plateaued since then <br />with a decreasing population in more recent years. This population decline was intensified with <br />the Marshall Fire at the end of 2021 that destroyed 549 homes and businesses, displacing many <br />Louisville households. <br />Exhibit 1: Louisville Population Growth, 2011-2022 <br />Source: DOLA <br />21,500 <br />21,000 <br />20,500 <br />c <br />0 20,000 <br />Q 19,500 <br />0 <br />n 19,000 <br />a� <br />18,500 <br />Ln <br />0 18,000 <br />J <br />17,500 <br />17,000 <br />16,500 <br />do titi ti� ti3 ti°` tih ti° ti� ti0 ti° �° <br />I <br />Like much of the state and region, Louisville's housing market has not kept pace with the demand <br />created by employment growth and other growth pressures. As a result, prices have risen. The <br />city's residents have borne the impact through increased rents and housing sale prices that are <br />inaccessible to many households. Land use policies and a lack of adequate funding and support <br />for income -restricted housing have also contributed to the current housing challenges. The ability <br />for current and future households to meet their housing needs in Louisville depends on decisions <br />and policy choices that the City and other cities in the region make today. <br />Louisville Housing Plan Part l: Introduction 5 <br />